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cnbc's steve liesman joins us and steve you've got some explaining to do about the numbers. >> i know we're going to delve into this mystery. so many americans think things are worse off than they were four years ago and so many americans seem to be supporting obama as the one to fix it. let's go into some of the possible reasons here. first of all let's show you the top line results here. this is what we showed in june, we asked a very end of the economic economy but not the same, romney had a six-point lead. our september survey, 800 adults, same people did it, shows a nine-point lead for obama. how can that be? let's look at some of the potential reasons. could it be slightly better economic numbers? no, they don't show up in the data. could it be somewhat better stock market? we do show some bump up in that, not enough to explain the results but three reasons look like they could stand here. change in racial support, the personal appeal of obama versus romney and the tax issue. let's look at the obama support june versus september. slightly different question, not entirely compara
cnbc's steve liesman joins us and steve you've got some explaining to do about the numbers. >> i know we're going to delve into this mystery. so many americans think things are worse off than they were four years ago and so many americans seem to be supporting obama as the one to fix it. let's go into some of the possible reasons here. first of all let's show you the top line results here. this is what we showed in june, we asked a very end of the economic economy but not the same, romney...
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Sep 28, 2012
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with more on what's going on, steve? >> reporter: yeah, very good to see you guys aguy. in five hours' time that's when we're told we'll get this announcement which is the second part of a two-act drama. yesterday we had the first act which was the budget which pretty much ticked all the boxes from a european commission point of view, ie, spain was playing ball with all of the desires to work toward a fiscal compact and to work towards better regulation and better deficit control of the region. and today it's all about the banks, the big audit is expected to show a shortfall of bank funding of somewhere in the region of 62 billion euros. a lot of question marks about whether it's a 62 billion euros or actually under underestimates significantly how much money they need to raise, it's not about the big guys which are deemed to raise money whenever they want, it's about the second tier and third tier banks and we think the likes of bank inter will be at the crux of this. but questions remain whether they'll have to unload assets into a bad bank at a lower level than they'v
with more on what's going on, steve? >> reporter: yeah, very good to see you guys aguy. in five hours' time that's when we're told we'll get this announcement which is the second part of a two-act drama. yesterday we had the first act which was the budget which pretty much ticked all the boxes from a european commission point of view, ie, spain was playing ball with all of the desires to work toward a fiscal compact and to work towards better regulation and better deficit control of the...
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Oct 1, 2012
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steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot about our dual mandate responsibilities and i mentioned that with the unemployment rate at that time at 9% that was unacceptably high and we need to focus more on our dual mandate responsibilities. i feel good that our most recent statement and policy is focusing on strongly on the labor market, we're looking for substantial improvement in labor market conditions, the criteria for how long we're going to continue with very accommodative policies and that's a step in the right direction. >> a step in the right direction but is it enough? you want the fed to do this for a particular reason, which
steve liesman joins us from chicago with a very exclusive interview. steve? >> yes, thanks very much. i'm here in chicago with the chicago federal reserve president charlie evans. >> nice to be here. >> a year ago you laid out this idea of pegging policy to unemployment, and to inflation, given what the federal reserve just did, do you feel vindicated and the follow-up to that is do you feel satisfied, is it enough? >> well, last year i was here and i was talking a lot...
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zells said is similar to what steve jobs said before passing away. this is a country where it is just too hard to do business in. >> yeah. i was going to say, you're not much of a golfer guy but a tennis guy, right? >> ryder was just a collapse. >> yeah. we let pollster on -- for me it was going to a shrink or something. it was come peopling but my heart was racing, i had butterflies in my stomach and didn't think it could happen. when it did, i felt hollow after it. >> i had a bunch of guys going to the eagles/giants game. you would have thought either of the games would have been talked about. the ryder cup is all i heard about. people felt bad for america. it was a patriotic thing. >> for one eagle moment, i just thought, i don't know, ma lays, i thought, we can't do this right. >> if they come in with cardigan sweaters the next time we see the golfers with the cardigan and have to start talking about turning down the thermostat, it is pool game over. >> all right. jim, thank you. we'll see you in a few minutes. >>> all right. we'll see jim in a f
zells said is similar to what steve jobs said before passing away. this is a country where it is just too hard to do business in. >> yeah. i was going to say, you're not much of a golfer guy but a tennis guy, right? >> ryder was just a collapse. >> yeah. we let pollster on -- for me it was going to a shrink or something. it was come peopling but my heart was racing, i had butterflies in my stomach and didn't think it could happen. when it did, i felt hollow after it. >>...